Updated Jun 12, 2026
Max Berlowitz & Michele Tessler Berlowitz Of Douglas Elliman Represent Buyer For New Development In Miami Beach For $5.65M
7450 Ocean Terrace
$5,570,000
$3,908/SF
Building Size
1,425 SF
Asset Type
Condo
Closing
May 21, 2026
About this deal
AI
The property asset involved in this transaction is a new development located at 7450 Ocean Terrace in Miami Beach. The last asking price for the property was $5,650,000. It encompasses an area of 1,425 square feet, translating to a price per square foot of $3,965.
Summary of transaction details:
- Property Type: New Development
- Transaction Amount: $5,650,000
- Address: 7450 Ocean Terrace
- Market: Miami Beach
- Square Footage: 1,425
- Price Per Square Foot: $3,965
- Buyer's Representative: Max Berlowitz & Michele Tessler Berlowitz - Douglas Elliman
- Date of Transaction: May 22
The deal involved the representation of the buyer by Max Berlowitz and Michele Tessler Berlowitz from Douglas Elliman, indicating their professional involvement in this transaction. Their roles were pivotal in facilitating the sale process for this property development.
On the Map
$5,570,000
$3,908/SF
Condo
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Players
Miami Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93